HSBC Holdings plc (LON:HSBA) had its price target reduced by Deutsche Bank AG from GBX 737 ($9.73) to GBX 700 ($9.24) in a research report report published on Tuesday morning, Marketbeat reports. They currently have a hold rating on the financial services provider’s stock.

A number of other equities analysts also recently issued reports on HSBA. UBS Group AG (USA) set a GBX 725 ($9.57) price objective on shares of HSBC Holdings plc and gave the company a neutral rating in a research note on Monday, October 30th. J P Morgan Chase & Co set a GBX 690 ($9.11) price objective on shares of HSBC Holdings plc and gave the company a neutral rating in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) set a GBX 790 ($10.42) price objective on shares of HSBC Holdings plc and gave the company a neutral rating in a research note on Friday, August 11th. Barclays PLC reiterated a hold rating and set a GBX 600 ($7.92) price objective on shares of HSBC Holdings plc in a research note on Wednesday, September 27th. Finally, Berenberg Bank reiterated a hold rating and set a GBX 600 ($7.92) price objective on shares of HSBC Holdings plc in a research note on Thursday, September 28th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 716.80 ($9.46).

HSBC Holdings plc (LON HSBA) traded up GBX 5.40 ($0.07) during trading hours on Tuesday, reaching GBX 738.10 ($9.74). The company’s stock had a trading volume of 19,977,022 shares, compared to its average volume of 21,240,000. HSBC Holdings plc has a 52 week low of GBX 518.17 ($6.84) and a 52 week high of GBX 772 ($10.19).

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The business also recently declared a dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, October 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a dividend yield of 1.01%.

In other news, insider Stuart Thomson Gulliver sold 138,143 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.66), for a total value of £1,011,206.76 ($1,334,397.94). Also, insider Douglas J. Flint acquired 58 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was acquired at an average price of GBX 724 ($9.55) per share, for a total transaction of £419.92 ($554.13). In the last ninety days, insiders acquired 17,182 shares of company stock valued at $12,662,261.

HSBC Holdings plc Company Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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